Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. e.l.f. Beauty Inc shares valued at $102,050 were sold by Watson Maureen C. on Nov 29 ’24. At $130.00 per share, Watson Maureen C. sold 785 shares. The insider’s holdings dropped to 1,888 shares worth approximately $0.25 million following the completion of this transaction.
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Also, Watson Maureen C. purchased 785 shares, netting a total of over 102,050 in proceeds.
Before that, Levitan Lauren Cooks had sold 8,800 shares from its account. In a trade valued at $1,145,324, the Director traded e.l.f. Beauty Inc shares for $130.15 each. Upon closing the transaction, the insider’s holdings decreased to 8,800 shares, worth approximately $2.03 million.
As published in a research note from Truist on October 16, 2024, e.l.f. Beauty Inc [ELF] has been retained to a Buy and the price target has been revised to $130. Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in early September. As of September 09, 2024, BofA Securities has reiterated its “Buy” rating for ELF. Earlier on July 18, 2024, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for ELF stock which previously was a “a Neutral”.
Analyzing ELF Stock Performance
During the last five days, there has been a surge of approximately 3.21%. Over the course of the year, e.l.f. Beauty Inc shares have dropped approximately -9.08%. Shares of the company reached a 52-week high of $221.83 on 03/04/24 and a 52-week low of $98.50 on 11/06/24. A 50-day SMA is recorded $114.98, while a 200-day SMA reached $159.39. Nevertheless, trading volume fell to 1.21 million shares from 2.05 million shares the previous day.
Support And Resistance Levels for e.l.f. Beauty Inc (ELF)
According to the 24-hour chart, there is a support level at 129.42, which, if violated, would cause prices to drop to 127.60. In the upper region, resistance lies at 134.70. The next price resistance is at 138.16. RSI (Relative Strength Index) is 58.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.23, which suggests the price will increase in the coming days. Percent R is at 19.29%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
